Fairlawn, VA
Population 2,555 · Virginia
About Fairlawn, VA
Fairlawn is a small town located in Virginia with a population of 2,555 residents according to the latest US Census Bureau American Community Survey data. The median household income is $67,549 per year, which is 10% below the national median of $75,149. The median age of 52.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Fairlawn features a median home value of $257,000, which is 5% above the national median of $244,900. This positions Fairlawn in a moderately priced market relative to the rest of the country. Median monthly rent is $1,533, 32% above the national average of $1,163/month. Of the 1,470 total housing units, 79% are owner-occupied (1,000 units) and 21% are renter-occupied (258 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fairlawn shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Fairlawn have an average one-way commute time of 20.8 minutes.
Education & Demographics
47.7% of Fairlawn residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 6.3% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 1.3% Asian residents, with 2.6% of the population being foreign-born.
Cost of Living in Fairlawn, VA
Compared to national averages, Fairlawn has a median household income of $67,549 (10% below the national median of $75,149). Home values average $257,000, which is 5% above the national median. Monthly rent at $1,533 is 32% above the US average of $1,163. Within Virginia, Fairlawn's income is 23% below the state average of $87,957, and home values are 22% below the state median of $327,514.
Why Live in Fairlawn, VA?
Fairlawn offers a strong job market with an unemployment rate of just 3.6%, and a well-educated community where 47.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.5%, better than the national average. Additionally, the city features short commute times averaging just 20.8 minutes.
Potential considerations include median household income ($67,549) that falls below the national average. However, Fairlawn’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fairlawn has a population of 2,555 with a median age of 52.1 years. Compare Fairlawn with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Fairlawn
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ravensworth | 2,566 | $163,281 | $668,600 | Compare |
| Chase City | 2,530 | $51,840 | $115,400 | Compare |
| Goose Creek Village | 2,519 | $209,042 | $588,100 | Compare |
| Waverly | 2,629 | $71,154 | $135,300 | Compare |
| Piney Mountain | 2,478 | $129,120 | $284,000 | Compare |
| Chilhowie | 2,462 | $53,250 | $158,600 | Compare |
| Woodlawn CDP (Carroll County), Virginia | 2,461 | $89,375 | $144,700 | Compare |
| Shawneeland | 2,653 | $98,167 | $238,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Fairlawn With Other Cities
Frequently Asked Questions about Fairlawn
What is the population of Fairlawn, VA?
The population of Fairlawn, VA is 2,555 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Virginia.
What is the median household income in Fairlawn?
The median household income in Fairlawn, VA is $67,549 per year, which is 10% below the national median of $75,149.
What is the median home value in Fairlawn?
The median home value in Fairlawn, VA is $257,000, which is 5% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fairlawn?
The median monthly rent in Fairlawn, VA is $1,533, which is 32% above the national average of $1,163/month.
What is the unemployment rate in Fairlawn?
The unemployment rate in Fairlawn, VA is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Fairlawn, VA a good place to live?
Fairlawn offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 2,555 and a median age of 52.1, the city appeals to established professionals and retirees.
How educated is Fairlawn, VA?
47.7% of residents in Fairlawn aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Fairlawn?
Key cost-of-living indicators for Fairlawn, VA: median home value is $257,000 (5% above national), median rent is $1,533/month, and median household income is $67,549. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Fairlawn?
The poverty rate in Fairlawn, VA is 4.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Fairlawn, VA?
Fairlawn's population is 6.3% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 1.3% Asian, and 4.2% two or more races. 2.6% of residents are foreign-born.